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FOX
Dec 5, 2012 5:00pm EST
a lot today about the need to strike a fiscal cliff deal and what they were doing is tacking with each other, with no new talks scheduled between the major players in the debate and the speaker of the house finds himself defending his own plans for members of his own party. in northwest d.c., president obama is on the hard sell trying to convince a group of business executives to support raising taxes on the wealthy. >> let's allow higher rates to go up the top 2%, and that includes all of you, yes? >> reporter: saying a fiscal cliff deal must include new revenues. the president pushed his plan to raise taxes on household earning over $250,000 a year. >> and i am here to tell you that nobody wants to get this done more than me. >> reporter: john boehner has a hard sell of his own with conservatives upset over his offer of $800 billion in new taxes. >> the plans the white house has talked about us this far, they could not pass either house. >> reporter: a "washington post" poll finds 53% would blame republicans if the country went over the fiscal cliff while only 27% would blame the pre
FOX Business
Nov 29, 2012 9:20am EST
the debt. that's the fiscal cliff deal of the day and the market likes it and the numbers are 5, 16, 22, 23, 29, and the powerball is 6. you lost. the government won. "varney & company" is about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, . . >> . stuart: it's a modern day tea party. it's a revolt led by corporations. the wall street journal reports 173 companies announced they'll pay special dividends for shareholders before the end of the year because a big tax increase on dividends could be coming next year and many companies moving up regular dividends to save their taxpayers, to save taxpayers a lot of money. start with disney. it's raising its dividend and paying it out on december 28th. that's 1.3 billion dollars paid out in total, paid out under the current tax rate. and las vegas sands paying a special dividend, that's a one on shot. 2 and 1/4 billion total. half of that will go to sheldon adelson. costco 3 billion, special divi
CBS
Dec 3, 2012 5:30pm PST
't be a fiscal cliff deal without that tax increase. the white house today dismissed that counteroffer as nothing new and urged republicans to "get serious about the fiscal cliff negotiations." but, scott, that's exactly what republicans were saying about the president on friday. >> pelley: wyatt, thank you. the president has not decided whether to order an end to a strike that has crippled traffic at the nation's two busiest seaports. the ports of los angeles and long beach shut down after a few dozen clerical workers walked off the job and dock workers refused to cross their picket line. bill whitaker has the latest. >> reporter: 11 huge cargo ships are stuck offshore, piled high with containers of food, toys, lumber. 14 others sit untouched at the docks. >> if you guys could start handing the fliers out. >> reporter: transporters, wholesalers and retailers are growing angst. ingrid lazcano, owner of andean dream, imports quinoa, popular right now in the u.s. her last shipment was diverted to mexico, another was diverted to chile. >> we have about $400,000 worth of merchandise at stake and our
CBS
Dec 5, 2012 4:00am PST
the hang seng gained 2%. wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups of starbucks new
FOX Business
Dec 4, 2012 1:00pm EST
the fiscal cliff. the president says no deal without raising taxes on the rich. melissa: the nations largest seaport complex at a near standstill for the eighth straight day. drake christopher is going to join us with how this could impact your holiday season. lori: i was just kidding, actually. bacon is kosher. i do not eat kosher. melissa: speaking of kosher -- lori: rubbing elbows with the royals. our next ambassador -- you are speechless. melissa: i do not know about that one. time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: right now, we are seeing the dow jones industrial average down just 12 points. so far, we are having a losing week on wall street. let's see what happens at the end of the day. these moves are really fractional. the s&p down a third of a percent. december, traditionally, is the best month for the s&p 500 since 1950. we will see whether or not that seems to come to correlation. i want to take a look at some of the auto retailers. it turns out they are not doing so well with their sales. pat boys, in particular, revenue missing f
FOX News
Nov 29, 2012 6:00am PST
fiscal cliff deal through the senate, and also through the house, they say they hope that he's coming with concrete spending cut ideas that are acceptable to the administration. one of the meetings today will be with senate republican leader mitch mcconnell who a short time ago sounded pretty fired up. >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is the holy grail of liberalism. their aim is not job he tkraoe asian, they are interested in wealth destruction. not job creation but wealth destruction. >> reporter: a short time ago vice president biden was out and about and he told reporters that he is optimistic about the overall fiscal cliff talks, martha. martha: we'll see. the way they speak publicly there doesn't seem to be a lot of budging on either side. we know there were pretty high profile white house meetings, but those conversations, not happening publicly right now, but are they going on behind closed doors do we think? >> reporter: we know president obama and speaker john boehner had a phone conversation last nigh
ABC
Dec 5, 2012 1:40am PST
the fiscal cliff. but right now they're miles apart and digging in their heels. president obama told bloomberg tv a deal is possible, but -- >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: that plan sent to the white house offers a total of $2.2 trillion in deficit reduction over the next decade. that includes $1.2 trillion in spending cuts and $800 billion in new tax revenue, but here's the key. no rate increases in the top 2% of taxpayers. that's non-negotiable for president obama. >> we're not going to be able to got a deal without it. >> reporter: the white house says the republicans' math just doesn't add up. >> it's magic beans and fairy dust. >> reporter: negotiations have reached a stalemate. >> there's nothing going on privately that is not going on publicly. >> reporter: there is no plan at this time for congressional leaders to meet with the president at the white house, and it doesn't sound like he's sending out invitations any time soon. >> i don't think that the issue right now has to do with sitting in a room. >> reporter: earlie
CNN
Dec 5, 2012 2:00am PST
with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here. >> it's time now to sit across the table from one another, rather than -- in the way they did with ronald reagan and the way you get things done in washington. >> the way they did with ronald reagan and get things done in washington. you sit together and figure it out. they were at a holiday party they didn't talk to each other. they're issuing sort of statements and rebuttals and saying i'm not going to budge. >> negotiation by press release. this is not how things get done in washington and part of the problem of the growing incivility in washington. people don't work together the way th
CNN
Dec 6, 2012 2:00am PST
in the fight over the fiscal cliff. a deal has to be hammered out in 26 days or all of us will be dealing with heavy-handed tax hikes and sweeping cuts. the two sides are keeping details of the discussion yesterday under wraps. thil standing their ground on tax hikes for the top 2%. >> the revenues we're putting on the table are going to come from, guess who, the rich. >> once republicans acknowledge that rates are going up for top earners, we believe that an agreement is very achievable. >> kate baldwin is live from washington, d.c. really nice to see you, kate. i know i went into this saying that we're light on details. i'm wondering if you know anything else, are we closer to an agreement. >> i think we're a long way from a deal. although it's one issue they're fighting about. politically they are still very far apart. the two men as you mentioned, the president and speaker boehner did speak for the first time yesterday, the first time in a week which i guess at this point in and of itself is significant because there isn't much talking going on outside of that. but neither side is off
Current
Dec 5, 2012 9:00am PST
is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those type. those types are coming on to me all the time now. >>> she get's the comedians laughing... >>>that hilarious. >>>and the thinkers thinking. joy>>>okay so. there's wiggle room in the ten commandments is what you're telling me? >>she's joy behar. joy>>>and the best part is that current will l
CNBC
Dec 3, 2012 9:00am EST
rally here. again, the market is demonstrated that it believes a deal on the fiscal cliff is coming. i know. i didn't hear it over the weekend. headline risk was all anybody wanted to talk about on friday. if anybody says that a deal is not happening or it's going nowhere, we could wake up down 15 points on the s&p on monday. guess what? boehner said the deal is going nowhere. now, when i call the bulls on this, they say, bob, they didn't say a deal was off. they just said so far the negotiations are going nowhere. the market still believes that a deal is coming and it's going to be a substantive deal. instead and by the way, geithner insisted on tax rates issues. looks like there may be something happening eventually. we didn't fall apart on the whole thing. even futures weren't down overnight. instead we rally on a little bit overnight on the greek deal and for those that don't know and this is arcane depending on what kind of bonds you're talking about, the bonds that they are offering are priced well above what anybody was expecting. that's one of the reasons that greece is moving
Current
Nov 30, 2012 3:00am PST
the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth of stimulus spending next year. now, it doesn't promise $400,000,000,000 worth of spending cuts but congressional republicans call the deal unbalanced and unreasonable and saying there is not enough spending cuts and reforms. the one good piece of -- piece of good news to the white house on this is it shows president obama is opening strong not conceding. we will be right back. arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for something more. i want this show to have an impact beyond just informing. an impact that gets people to take action themselves. as a human being, that's really important.
FOX News
Dec 2, 2012 4:00pm PST
out a deal before we all go over the so-called fiscal cliff? >> i think we're going over the cliff. >> harris: a dire prediction about the reality which could hit us all. and in this, from the man picked to represent the white house in all this. >> i think we have a very good chance for coming together on agreement. >> is that just wishful thinking or is there something going on behind the scenes that we don't know about? tonight, getting a handle on where we really stand in the showdown over taxes and spending cuts. and, one of the busiest forces in the world is in los angeles and there's a good chance something in your home once passed through here. now, union workers hitting picket lines, refusing to work until they get what they want. fox reports. the potential economic fallout on the rest of us from a union fighting to survive. and some less than bright criminals caught on tape. they're trying to steal gas from a golf course, but something they didn't plan on keeps them from make ago fast get away. the video you just have to see. i'm harris falkner, tonight, both republicans a
CNN
Dec 4, 2012 11:00am PST
out of washington is pretty pessimistic today about getting any kind of deal averting the fiscal cliff. we're hearing from folks on the hill there are no -- there are no private, you know, mat matchinations or talks. it is up about eight points around the 13,000 level. keep in mind the date is december 4th, 2012. if we go off this cliff, how much do you think the dow will lose. conman price, can you slap a number on that? >> no, no way to do that. what i do know -- >> how worried are folks on wall street? >> well, i think they're very worried. when i talked to folks out there trying to create jobs and find some certainty in the market so they can expand their businesses and create jobs, what they say is that all of this uncertainty hurts and so that's why we're so -- i'm confounded by an administration and president who seemingly isn't interested in providing that certainty. that's what we need to work on. that's what the negotiation process ought to be bringing us. certainty in the tax code, certainty in regulatory policy, all the kinds of things that are harming job creation right no
FOX Business
Dec 5, 2012 1:00pm EST
: the fiscal cliff is looking more and more like a ticking time bomb. with 28 days left to strike a deal and no sign of a compromise between democrats and republicans, rich edson looking at his watch counting down those days. he is at the white house. rich? >> ashley more of a sign of trouble as the administration finally acknowledge it is will have it do planning just in case of the beginning of these trillion dollars worth of automatic cuts begins in january. the pentagon saying it will start doing short-term planning. before this the pentagon was doing no planning for automatic cuts that begin. the pentagon says it hasn't communicated to defense contractors yet about what to expect. all the folks here say they're just hoping congress and the white house get on the page on some debt deal. what is it comes to the debt deal the president speaking to the business roundtable a couple hours ago saying tax rates must go up on families earning more than $250,000 a year. republicans say they will take $800 billion in more tax revenue from wealthier americans only through closing deductions. th
CNN
Dec 6, 2012 6:00am PST
. >> trying to get two sides come together to come to a deal on the fiscal cliff. >> i don't know about young people's abilities to force cats and dogs and democrats and republicans to come together to find a deal. he had a much more profound message than just simply dancing in that clip, in that psa essentially. he was trying to alert young people to the fact that old people, bluntly, are organized. look at the army of aarp representatives that ensure that programs like medicare and social security, programs that take up something like 50% of our federal budget will remain intact and won't be subjected to the necessary reform to last for young people to ever reach them. the problem is that young people don't think life goes on after the age of 30. if you're on twitter and facebook, that's a long way away. why are you worried about entitlements? >> the funny thing is that president obama is using social media to do the exact same thing. for example, he will visit a virginia middle class family today. they were part of his twitter verse. that's why he chose them. he must think that talking to
Current
Dec 4, 2012 3:00am PST
there will be a deal? fiscal cliff? >> i don't think so before january 1st no. i actually don't. i think there may be a vote right after. one scenario i read about yesterday which i mentioned in my column this morning which was pretty interesting to me is that the republicans might let a vote happen in the house but all vote present and let it pass solely with the democratic voters. >> bill: okay. we'll talk about that and other scenarios with senator sherrod brown when we come back here on the "full court press." when the last card is played what will be remembered? explore the lives of the famous and infamous who changed our world forever. experience the drama, back to back to back. of all the hours in all their days, the ones you'll never forget are the final 24. don't miss the final 24 mini-marathon this sunday on current tv. save the best for last. >> announcer: chatting where you live at current.com/billpress this is the "bill press show," live on your radio and current tv. >> bill: you got it. 33 minutes after the hour now. the "full court
Current
Dec 6, 2012 3:00am PST
sure they disappear the way they should and if necessary go over the fiscal cliff. no deal's better than a bad deal. great to see you today. join the conversation any time at 1-866-55-press. follow us on twitter at bpshow. peter ogborn and dan henning team press in place here this morning. good morning guys. peter's always keeping track of the social media and your comment on twitter. phil backert has the phones and cyprian bowlding has the camera. our videographer keeping us looking good here on current tv. well, we know that breaking news this morning actually came across the wires that kate middleton is filing better. she's over that acute morning sickness. she's left the hospital. and at the same time, a little breaking news, we learned that yesterday a couple of talk show hosts, radio talk show hosts from australia with the worst british accents i have ever heard did a prank call to the hospital where kate was kept for a couple of days. pretending to be the queen and prince charles checking in on kate's
CNBC
Dec 6, 2012 7:00pm EST
we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i
CNBC
Dec 5, 2012 4:00am EST
the white house and republicans over the fiscal cliff have ran to something of a holt. john boehner dealing with division in the gop's ranks to his bung budget plan. another shanghai surprise. china's mainland market surge nearly 3%. more austerity. plus, austerity measures are hitting european consumers. retail sales in october fall much more than expected. september also revised sharply to the downside. >>> it was a flat day really for european stocks, slightly negative for u.s. stocks yesterday. we are a little bit higher. the dow is currently some 43 points above fair value. the nasdaq is around four points above fair value. the s&p 500 at the moment is around about four points above fair value. european stocks are up half a percent earlier. we have come off those highs. eurozone pmis a little bit better than expected. but still deeply in contraction territory. uk services pmis dipped weaker than expected. the ftse up a quarter a percent. the ibex up around .2. also dragged down by disappointing retail sales. that's where we stand right now ahead of the u.s. open. what are investors to
MSNBC
Nov 29, 2012 11:00pm PST
and knowing they will be blamed if we go over that fiscal cliff. that's ahead. and you're watching "hardball," the place for politics. >>> back to "hardball." let's take making a deal here. for all those at home who want to see republicans and democrats work together to avoid the fiscal cliff, we can bring you two lawmakers who are open to cutting a deal before the end of the year. with me are members from both sides of the aisle, u.s. congressman lee terry, a republican from nebraska, and u.s. congressman jerry connolly, a democrat from nearby southern virginia. but first, i want to start with you. you told the "omaha world herald" this about republicans, we're screwed either way. we have no leverage in these discussions. congressman, what did you mean by that? >> what i mean by that is that the president wants us to take a tax vote before he's willing to talk about anything else cutting or reforming, and republicans just aren't going to do that. so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the p
WHUT
Dec 5, 2012 6:00pm EST
dealing with hurricane sandy. we're dealing with the fiscal cliff. we do not have enough money for our own country. >> we need to understand that the fiscal cliff and the climate is not associated. the climate is not waiting for us. developed countries need to make some serious shifting of priorities and they need to allocate what is needed to solve the climate issue. >> anjali appadurai, to a student at the college of the atlantic. she addressed the durban u.n. climate summit. this year, has been allowed back in for the last week, to participate. when we come back, we have an analyst talking about the kocht opus. >> singfortheclimate.com. today at the doha summit, we went to a news conference were major climate negotiator from belgium and the european union sang the song as well. this is democracy now!, democracynow.org, the war and peace report. we are broadcasting from the 18th u.n. climate change summit. i'm amy goodman. the billionaire brothers charles and david koch are known for funneling vast amounts of money into republican campaigns. the u.s. is accused of blocking progress here
KICU
Dec 4, 2012 11:30pm PST
to help deal with the so called fiscal cliff. ktvu's rita williams reports on the court of public opinion and why it may not be enough. >> reporter: what do you think? will the president in congress send the country plunging over the fiscal cliff. >> i don't think they'll reach it. i don't know what they will do then. >> i am hoping and praying they do. come together. >> i am hoping it will be by the end of the year. >> do you think they will reach an agreement or not? >> i don't. >> reporter: a poll shows more americans think they will not agree. 49 to 40%. and if they don't an automatic spending cuts and tax increases take effect. americans by two to one say they will blame republicans more than the president. but that didn't stop both sides from criticizing the others proposals. >> his proposal was so outlandish, i don't think we should go back to the table until he puts something there that we can work there. >> when you look at the map it doesn't work. >> reporter: an attempt take place in january. >>> we want to ask him about a homicide. >>> live storm tracker 2 picking up showers s
FOX News
Dec 5, 2012 3:00am PST
at the beginning of the year, regardless of whether or not a deal is reached on the so-called fiscal cliff. stuart varney has got the bad news and it's in small print of the health care reform. >> it is. under obamacare. everybody is looking at the fiscal cliff, tax the rich more for the fiscal. okay. we've got that. but we are definitely going to tax the rich just a little bit more come january 1 to pay for obamacare, specifically taxes on capital gains, dividends going up to just a little bit more, just a little bit more on january 1, and also a little bit more on income of those people making more than $200,000 a year. so we have defined rich down to $200,000 a year. it was a lot higher than that, but guaranteed january 1, a little bit more for obamacare. >> steve: when you say a little bit more, you mean like 3 or 4%, which adds up. >> it does. it's 3.8% extra as a capital gains tax. >> steve: that's a done deal. that's baked into the health care reform? >> that's it. there is no discussion about it. that was passed two years ago. this is going to happen. then you've got maybe a little bit mor
FOX
Dec 5, 2012 6:00am PST
to negotiate a deal do avoid that fiscal cliff. >>> time now is 6:08. let's check in with tara. what are you keeping an eye on? >> in san francisco we have issues actually with some backup. spinout near hospital suffer on 101 southbound and there are several cars that are in the fast lane and definitely having an impact on traffic. right now let's take a look at our maps. we can show you where we have other accidents brewing here. 280 northbound. and then we have flooding in the two right hand lanes. so be aware of that. and then if we head over to the oakland care you can -- oakland area we have slowing through the richmond area. we also have this accident still being cleared here at buchanan street and a stalled truck on 24 near the caldecott tunnel. if we take a live look at the bay bridge toll plaza, we have a lot of rain out there. the metering lights are on. you're looking at an extra 15 minutes to get into san francisco. here's a look at highway 24 live. that stalled truck could be causing big delays. let's check in with steve. >>> tara, thank you. rain steady, moderate, almost approa
CNN
Dec 6, 2012 8:00am PST
the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we have to make spending cuts. we have to address entitlements but we also have to make sure that we have the revenues that we need to make the investments that we need. education. infrastructure. transportation. research and development. workers training. all of those things are important things that we have to do. we have to get our spending in order as well. >> yo
NBC
Dec 1, 2012 5:00am PST
st and exactly one month we have to go if they can get a deal to avoid going over the fiscal cliff. everybody says it's going to be an economic catastrophe if we do. an average of $2,200 in extra taxes next year for the average american family. the president has undergone a campaign style series of events. he's had ceos marching up and down the driveway here. he's got a twitter campaign. yesterday he was out in suburban philadelphia asking con stitch wa -- constituents to write in, call, do whatever they need to do to get in touch with those republicans in the house of representatives, try to get them to turn their votes. the president put his first proposal on capitol hill last week. it had $1.6 trillion in new revenues. about half of it coming from ending tax cuts for the wealthy, something that he campaigned on. there are about $600 billion in cuts in domestic programs like medicare. it was greated with gails of laughter by the senate republican leader. here's what the president and the speaker of the house had to say about it yesterday. >> i don't think it's acceptable to you f
ABC
Dec 5, 2012 7:00am PST
up on the wealthiest americans, there will be no deal to avert going over the fiscal cliff. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: house republicans are adamant, no tax rate increases. >> we're willing to put revenues on the table. revenues that come from closing loopholes, getting rid of special interest deductions and not raising rates. >> reporter: but what the republicans are offering sounds a lot like what the president wanted during last year's budget showdown. >> give us $1.2 trillion in additional revenues, which could be accomplished without hiking tax rates by eliminating loopholes, eliminating some deductions. >> reporter: today, however, the president says those moves will not be enough. and the latest pew poll shows a lot of public pessimism. with 49% of the public saying they do not expect a deal to be struck by the deadline. 40%, a little more optimistic. george? >> sure looks like this will go right to the deadline. jake, thanks very much. >>> george, now, we're going to get
FOX News
Dec 4, 2012 8:00am PST
going off the fiscal cliff? know there is limited days. >> yes. jenna: when does an actual deal have to be done so it gets through those logistical processes we know need to be done in both the house and the senate? >> the sooner we can get a deal the better. speaker boehner, as i said, he, the day after the election, said, okay, we'll put tax revenue on the table. let's start the negotiations. you know this can be done. president reagan and tip o'neill back in the early '80s, they negotiated a deal to save social security and address tax reform and the other entitlement programs, the spending --. jenna: if i could. reagan famously said trust but verify. >> yes. jenna: why should we trust you? why should we trust lawmakers in office now they can do this? >> because i would say we're either going to succeed together or we're going to fail together but it is so important because congress has a history where we've seen taxes go up but the spending side not addressed. in a balanced approach means that we're going to get the structural spending reforms in place that we need to address the
FOX News
Nov 28, 2012 7:00pm PST
. thanks for being with us. >> greta: tonight are they will the real deal or bad actors? >> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches. >> we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. in order to try to come to an agreement, republicans are willing to cut revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. >> but the point is, there is no economic growth being discussed in the fiscal cliff argument, the solution -- there is no economic growth. not possible with what's being proposed. in fact just the exact opposite
MSNBC
Nov 29, 2012 2:00pm PST
and democrats work together to avoid the fiscal cliff, we can bring you two lawmakers who are open to cutting a deal before the end of the year. with me are members from both sides of the aisle u.s. congressman lee tori, a republican from nebraska, and u.s. congressman jerry conley a democrat from nearby southern virginia. but first, i want to start with you. you told the omaha world herald this about republicans, we're screwed either way we have no leverage in these discussions. congressman, what did you mean by that? >> what i mean by that is that the president wants us to take a tax vote before he's willing to talk about anything else cutting or reforming, and republicans just aren't going to do that. so what he's doing is setting us up to be the fall people for going over the fiscal cliff. frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense discretionary and about a third of a tral dollars in ten years
CBS
Nov 29, 2012 6:00am PST
is likely to be impacted by sandy and also from "fiscal cliff" worries. as far as the "fiscal cliff" goes, politico is reporting this morning that there is a framework for a deal in place that would include $1.2 trillion in tax increases and $400 billion in entitlement cuts on medicare. wall street watching that closely. let's look at the numbers. the dow is up by 45 points after gaining more than 100 yesterday. it's back over 13,000. nasdaq higher by 19. s&p right now is up by 6 points. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> well, starbucks is rolled out its most expensive coffee ever and it's a doozy. the new brew made from very rare costa rica beans called finca palmilera just rolls off the tongue, retails for $7 a cup! that's for a grande. for $6 you can get the tall. right now the big ticket brew is only available at a few dozen stores in the pacific northwest. starbucks plans to take it nationwide by the end of the year. it better be the only one you need all week. seven bucks! >>> lindsay lohan mobbed again by the paparazzi and for all the wron
ABC
Nov 30, 2012 1:40am PST
're not going to reach some sort of deal to avoid the fiscal cliff? i mean that would be so unpopular across the nation. >> you would -- if you can take an action that would solve the problem for 98% of the country and then come back to the debate about the wealthiest 2%, let's get that first chunk done. republicans fear they could lose leverage if they cave in on the middle-class issue. apparently the president, his team has made increased demand here including, a provision now, part of the negotiations where, the congressional control over the debt limit would go away. and congress does not like to have its power take any way. so maybe the white house, upped the ante and played the stronger card and has republicans balking, according to reporting by "the washington post." that's a new element, all of that, that could prove interesting because it's stripping congressional control. and we just had the big debate over the debt ceiling. >> exactly. >> interesting. the clock is ticking, fellows, for sure. >>> speaking of money, extending jobless benefits for the long-term unemployed could help
CNN
Dec 3, 2012 2:00am PST
a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in medicare cuts. listen to what graham said. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare, medicaid and social security from imminent bankruptcy. the president's plan when it comes to entitlement form is quite frankly a joke. >> so over the weekend the sunday shows, you saw geithner basically drawing a line in the sand. he
CBS
Dec 5, 2012 7:00am PST
the nation's fiscal cliff crisis. >> we wasted an enormous amount of time here, sparring back and forth in public. it's a good time to get serious. >> let's just go over the [ bleep ] cliff. because you know why? at least for a few seconds, it will feel like we're flying. >>> this morning, police are questioning a man in that deadly subway push. they say he has implicated himself in the crime. >>> duchess of cambridge is continuing to feel better. >> australian radio station was able to pose as the queen, get information on the phone about kate's health. >> want to see how her -- >> she is sleeping at the moment and she has had an uneventful night. >> mohamed morsi under siege after 100,000 protests in the streets. >>> l.a.'s mayor has announced an end to an eight-day strike at the largest port complex. >>> best man's friend is learning a new trick. how to drive a car. get off the road. >> three, two, one. >> god bless us, every one. >>> nine weeks, officially over. >> snooki wants to give baby advice to kate middleton. her number one advice, find out advice to kate middleton. her numbe
Current
Dec 5, 2012 3:00am PST
with the benefit of 500 miles how does this for the prospects for a deal on fiscal cliff look from your perspective? >> you know -- >> do you think it's going to happen. >> short answer is i don't know because i see two trends simultaneously. one, you hear voices in either party saying, hey, it wouldn't be so bad if we go over the cliff. some of the hysteria attendant to the whole notion of the cliff is being -- dissipating. on the other hand, if you look at the numbers, they are not that far apartment. you know, honestly, it's not as though we are dealing with major tectonic plates moving in separate drksz. the president saying 1.6 trillion in revenue and boehner saying 800 billion. so compromise at 1.2 trillion. you see the cuts the deal in aggregate are about 2 and change in trillions. where they differ emotional is raising rates. for obtain is a line in the sand. for the president, that's a line in the sand. there are mechanisms buckets and closing loopholes don't satisfy the president. so that is the sticking point. have to work around that? hard to
FOX
Dec 5, 2012 7:00am PST
talking about the chances of president obama and congress reaching a deal and avoiding that fiscal cliff. some girls wish to grow up to be a princess. other girls wish to simply grow up. mae and bailey are friends battling kidney cancer at st. jude children's research hospital. we developed a treatment for their cancer that's helping kids like them across america. you know what i wish for? what's that honey? my hair back. and no more cancer. well, girls, st. jude is working on that. go to st. jude dot org or shop where ever you see the st. jude logo. >>> temperatures very mild. the rain will be letting up but still light to moderate amounts will continue for another couple of hours. >>> 8:14. new this morning, north korea may be closer to launching a missil that can carry a nuclear warhead. they have launched a rocket in the northwestern part of their country. reportedly, they plan to launch it as soon as month. north korea has denied having a nuclear weapons program but claims it will launch a rocket for science and research projects before december 22nd. >>> u.n. secretary-general moon
CNN
Nov 30, 2012 2:00am PST
. athena jones, live in washington. we'll talk about the prospects for a deal on the fiscal cliff in the next half hour when we're joined by democratic congresswoman sheila jackson lee of texas and republican congressman tim huelskanm. >>> the united nations general assembly voted overwhelmingly yesterday to upgrade the status of the palestinian authority to non-member state. palestinians celebrated this endorsement of the move towards statehood. but the united states and israel strongly opposed the resolution. cnn foreign affairs reporter elise labott is in washington to explain what it all means. why do the u.s. and israel think this is not a good move for -- for palestinians? >> well, christine, i mean, it signals the frustration on the part of the world, and the lack of the peace process. and what the u.s. is saying is that it really doesn't give the palestinians what they want, which is an actual state. it doesn't give them borders. it doesn't give them any sovereignty. and so all of their u.s. argues is going to do is antagonize israel and lead to more frustration if israel
NBC
Nov 30, 2012 7:00am PST
will try to turn up the pressure to urge a deal to avoid the so-called fiscal cliff. he's hoping to build public support for his plan to raise taxes on top earners. >>> a connecticut woman who was severely mauled by a friend's pet chimpanzee in 2009 has reached a settlement agreement with the estate of the now deceased owner. it calls for the victim to receive about $4 million in property and cash. nash's family is still trying to sue the state of connecticut. >>> now for a look at what's trending today. our quick roundup of what has you talking online. naks michael jackson's father joe jackson is a top search after his family revealed he suffered a mild stroke this week. the 83-year-old jackson is said to be in good spirits and ready to leave a las vegas hospital as early as today. >>> the white house has released this video of bo, the obama family portuguese water dog. he can be seen going from room to room sniffing out the holiday decorations, including that toy replica of himself. just wish we knew what bo was thinking, probably though approved of the decorations. >>> and this youtube
ABC
Dec 6, 2012 1:40am PST
the fiscal cliff. mr. obama and house speaker john boehner took a step yesterday, speaking about the standoff on the phone. i guess at least they weren't texting, right? while the details of their chat remain private, both men continued to talk past each other in public. >> let's allow higher rates to go up for the top 2%. >> there are ways to limit deductions, close loopholes, and have the same people pay more, more of their money to the federal government, without raising tax rates, which we believe will harm our economy. >> treasury secretary tim geithner also weighed in yesterday saying the president is willing to allow the nation to go over the cliff if republicans don't agree to raise taxes on the wealthy. >>> we are learning new details about colorado's shooting suspect james holmes now that thousands of e-mails in the case have been released. messages indicate holmes may have had a brief romantic relationship in the days before the tragedy. we have learned that in early june, holmes began specifically talking and fantasizing about killing a lot of people. his psychiatrist was so worri
Current
Dec 3, 2012 3:00am PST
goal is to let this country go over the fiscal cliff because he wants the economy to fail because he wants president obama to fail. john boehner, again, i think the worst speaker ever, it's a time for leadership, not for playing political games. american people have spoken. this is a time for leadership. i think if john boehner is unwilling to lead, we've got to put pressure on him to get the hell out of the way. fish or cut bait. get the hell out of the way. he has no backbone. he has no balls. he is a lousy, lousy leader. he is a looser. i think we ought to start putting the pressure on him. let's pick a fight today with john boehner. it's not picking a fight with boehner. it's just doing something to save this country. so, peter, how do people -- i call on you join me in call okay john boehner lead or get out of the way. >> peter: if you want to send him an e-mail speaker.gov/contact. you can send it to him. if you are on twitter >> bill: speaker.gov spiritists we are tweeting this as well. if you are on twitter he is tweeting @speakerboehner,
CNN
Nov 29, 2012 11:00am PST
that going over the fiscal cliff would make things worse and brings me to the next topic. sequestration. a stupid name for a stupid thing. more then a year ago, both the president and congress made a deal with the devil after both parties felt no shame in taking america to the brink over raising the debt ceiling. so-called compromise back then was that if not negotiate a debt reduction deal, cuts happen across the board. this is not the whole fiscal cliff but just the sequester. $1.2 trillion of mandatory spending cuts over ten years and scheduled for january 2nd. half of that money cut in defense. half in everything else. next year alone could take $65 billion out of spending and a million jobs versus growing 2 million which is what the u.s. is on track to do now. i fully understand the government needs to spend less and spend more efficiently but how you achieve it is as important as how much you cut and the sledge hammer approach is not economically sound. now, there are targeted and measured ways to do it without driving the country in to another recession. some debate today as to w
CNN
Dec 4, 2012 9:00am PST
in their opinion, to avoid the fiscal cliff. i think you can file this one under the to be continued unfortunately. >>> bipartisan delegation of governors meeting with the president and congressional leaders at the white house to discuss how badly this fiscal cliff could affect them out there in those states who rely heavily on the feds and how automatic deficit reduction measures will hurt state budgets. federal aid is big, big, big to the states. federal grants make up a third of state revenue. at the table, utah's governor gary herbert, government falli number, governor walker, minnesota's governor mark dayton, and arkansas's mike beebe. what they said when they emerged from the meeting. >> we have ideas how we can save money, how we can be able to create more efficiencies and government and spending with some of the different demonstrations that we've done in our various states we plan on getting back to the president, vice president with our suggestions and ideas. >> none of us want to see taxes on middle class folks go up. and we think it would have a significantly negative impact on the eco
FOX News
Nov 30, 2012 8:00am PST
't propose anything yet. >> excuse me. paul ryan passed two years of budgets to deal with -- >> not fiscal cliff. >> republicans have plenty of plans on the table in terms of tax reform and entitlement reform and spending reform all of which we need to do. this conversation assumes the president doesn't want to go over the fiscal cliff. i disagree. i think he does. i think he wants all the tax rates to go up. you can argue the politics of this. he needs revenue to come in. he wants more spending, not less. wants 1.2 trillion dollars in defense cuts because he wants to cut the military and wants an unlimited credit card in terms being allowed unilaterally to raise the debt limit. he wants all of these things and he knows he will not get blamed for it. the republicans will get blamed for it no matter what happens. the gop will get blamed for it because the mia is protective the president. he has nothing to lose, jon. he is willing to go over the cliff. >> i think what he is say take us over the cliff and vote with the democrats and dare republicans not vote it for 90% of the americans wouldn
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